Republic Services Q3 Profit Increases, Beats Estimates

(RTTNews) - Republic Services (RSG) announced a profit for its third quarter that increased from last year and beat the Street estimates.

The company's bottom line came in at $565.7 million, or $1.80 per share. This compares with $480.2 million, or $1.52 per share, in last year's third quarter.

Excluding items, Republic Services reported adjusted earnings of $568.3 million or $1.81 per share for the period.

Analysts on average had expected the company to earn $1.61 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 6.6% to $4.076 billion from $3.825 billion last year.

Republic Services earnings at a glance (GAAP) :

-Earnings (Q3): $565.7 Mln. vs. $480.2 Mln. last year. -EPS (Q3): $1.80 vs. $1.52 last year. -Revenue (Q3): $4.076 Bln vs. $3.825 Bln last year.